Romania: Low attractiveness for investments in green energy

Romania has left the ranking of the 40 most attractive markets in the world for renewable energy investments, according to the EY Renewable energy country attractiveness index (RECAI) report.

“We weren’t expecting Romania to ascend in the world ranking of attractiveness after the end of the eligibility period for the support scheme for electricity from renewable sources,” said Alexandru-Valeriu Binig, EY Romania partner.

The Romanian power system seems to need to digest the massive injection of uncontrollable production capacities put into operation before December 31, 2016, before technically allowing for a new expansion stage, he added.

The support scheme for renewable energy was reduced to half by the Ponta Government in 2013.